CUET Accountancy - Which of the following is not a feature of a Company: | PYQs + Solutions

CUET Accountancy 2025 14 May Shift 2

Company Accounts

Easy

A company is formed according to the provisions of Law enforced from time to time.

A company has a separate legal entity which is distinct and separate from its members.

The liability of the members of the company is limited to the extent of unpaid amount of the shares held by them.

The company being an artificial person, can sign its name by itself.

✅ Correct Option: 4

CUET Accountancy 2025 14 May Shift 2 PYQs